[Maket Mover] Nexon GT expectations for investment in global entertainment company

[Infostock Daily= Reporter Park Sang-In] Nexon is expected to acquire a global entertainment company by investing 1.8 trillion won.

As of 10:56 am on March 3, Nexon Jitty is trading at 10450 won, up 24.40% from the day before. Net Games is trading at 8130 won, up 10.76% from the day before.

Nexon Japan, the parent company of Nexon Korea, is expected to invest in a global entertainment listed company. Investment is expected to be made through Nexon Korea, a domestic corporation.

This is the first time that it has disclosed where to spend its cash assets recently secured, including borrowing 1.4961 trillion won from its subsidiary Neople this year.

However, Nexon did not mention specific investment destinations.

Meanwhile, Disney and Electronic Arts (EA) are also mentioned in the industry. Nexon's cash assets are estimated at around 2.5 trillion won.

Reporter Park Sang-In si2020@infostock.co.kr